Solana Price Prediction: Can SOL Smash Through $189 Before August Ends?

Solana's charging toward its next major milestone—and traders are watching the clock.

The $189 Question

SOL's recent performance has the crypto community buzzing. The asset's showing strength where others stumble, leveraging its high-throughput blockchain to attract both developers and speculators. Market momentum suggests a push toward that psychological barrier isn't just possible—it's probable.

Technical Tailwinds & Market Mechanics

Breaking resistance levels has become routine for Solana lately. Its ecosystem expansion—think NFTs, DeFi, and speculative memecoins—creates constant demand pressure. Network upgrades have slashed downtime fears, boosting investor confidence when it matters most.

The Final Countdown

With August winding down, every tick upward counts. Hitting $189 would cement another victory lap for SOL holders—and give traditional finance pundits another reason to dismiss crypto right before it proves them wrong... again.

• Solana price remains volatile, trading below key moving averages at $181.57.
• MACD shows a bearish crossover, signaling weak momentum in the short term.
• Solana faces resistance near $182, with potential for a short-term rebound.

In the last three months, Solana has been trading in a volatile range of price levels. This uncertainty has seen the cryptocurrency record a modest gain of just 8% within this time. It has not increased much in the last 30 days, with a growth of only 1.04%. Even so, traders have been closely monitoring Solana due to its brief rallies.

As of writing, solana is trading at a price of $181.61, showing a decline of 0.75%. The patterns of price behavior have not been so volatile, as it oscillated around the 50-period, 100-period, and 200-period moving averages. 

Source: CoinMarketCap

It is past the 200-period moving average zone, indicating support in the long term. Nevertheless, it is currently positioned lower than both the 50-period and 100-period moving averages, indicating resistance above.

MACD Indicates Bearish Momentum as Sellers Lead

According to the MACD (Moving Average Convergence Divergence) indicator, there is a trend towards the bearish situation. The MACD line (blue) is under the signal line (orange), and these lines are close to the zero line. 

That indicates that the momentum remains weak and that downward pressure can be maintained in the NEAR term. The MACD indicator as well as the MACD histogram are also in decline, and this means that the sellers are the dominant force at this point.

Solana’s Key Moving Averages

Based on the moving averages, the 50-period moving average is at $173.13. This lies above the prevailing price and may form a short-term resistance. Another important level may be described as a 100-period moving average at $165.60, which may serve as supporting points in case the price goes lower. The longer-term 200-period moving average at $157.43 offers important support, and above that WOULD indicate a persistence of a bullish tone.

Source: TradingView

Although the technical indicators are showing bearish signals, Solana is beginning to take on a market setup similar to that exhibited in the past, which had resulted in sharp price reversion. This may imply that even though it has been weakened, it can rebound fast. 

The sentiment in the broader market is at the moment pulling down the price of Solana; however, the cryptocurrency has performed well even when markets have corrected. If SOL manages to close higher than the 50-period moving average, this may mark the transition to bullish momentum. 

Based on CoinLore findings, the 10-day SOL price prediction makes it likely to hit $182.28. In the long term, CoinCodex predicts that SOL will rise to a value of $185.29 within a month on the basis of its current performance. The short-term price range of $180.56 to $189.04 hints at a short-term showcase profit of 4.17%.

Source: CoinLore

Solana is in the process of traversing a period of consolidation with resistance at the recent highs and support at significant moving averages. Market sentiment is still conservative, and in case the price can capture the key resistance levels, there is a chance of a positive shift in momentum that could result.